Russia enforces miner data reporting to tax authority

Starting July 30, Russian data centers must report miner details, equipment specs, and crypto outputs to the Federal Tax Service. Fines apply for non-compliance.

New reporting rules require full miner disclosures to the FTS

As of July 30, data centers in Russia are legally required to submit detailed reports to the Federal Tax Service (FTS) regarding all cryptocurrency mining activity. This includes both individuals and legal entities involved in mining.

The form must include:

• For businesses and sole proprietors: company name, TIN, registration number.
• For individuals: passport details and personal tax ID.
• For mining equipment: brand, model, serial number, algorithm, hash rate, power consumption.
• For mined coins: types of cryptocurrencies, quantities, pools used, and real-time mining statistics.

Violations lead to fines and deregistration

Failure to submit timely or complete data can result in a fine of 40,000 rubles. In addition, violators risk being removed from the official register of legal miners — effectively losing their compliant status.

Earlier this year, the FTS began publishing official cryptocurrency exchange rates. These rates are used to calculate taxes, as mined crypto is classified as taxable income based on market value on the date of receipt.

To assist miners, the FTS website now features a section with up-to-date exchange rates and trading volume data from global platforms. This ensures miners can calculate taxes accurately based on verified information.